611-613 E 7th St - Apartments FOR SALE


Gilroy, CA 95020
$9,120,000 USD
626-483-5136
611-613 E 7th St, Gilroy, CA for Sale
$9,120,000 USD
Apartments - FOR SALE
1/22
null | 6.22% Cap Rate

611-613 E 7th St
Gilroy, CA 95020


HIGHLIGHTS

  • Unit mix of (2) 3 Bed 1 Bath (24) 2 Bed 1 Bath & (6) 1 Bed 1 Bath units.
  • 5 separate two-story buildings on a 1.9 acre lot.
  • Gated entry.

OVERVIEW

The R&Z Group of Compass Commercial is excited to introduce 611 E 7th St Gilroy CA 95020! This property is composed of 5 separate buildings and assigned carports. Located 35 miles from the City of San Jose, properties like these often attract tentants that are looking to commute to Silicon Valley and its surroundings. This standout property boasts a versatile unit mix of (2) 3 Bed, 1 Bath (24) 2 Bed 1 Bath and (6) 1 Bed 1 Bath units. With approximately 24,573 square feet of living space on a 1.9-acre lot, this building promises both comfort for tenants and strong rental income potential for investors. Built in 1966 all of the buildings in this property sit on concrete slabs, and are equipped with Square D and/or Arrowhart main and semi panels. The property is located in the heart of Gilroy, CA. With a short drive away from the Gilroy Outlets, Costco Wholesale, and Walmart. 590 Stoney Ct is also less than one mile away from the Cal Train Gilroy station, facilitating the commute to the south bay area and Peninsula for tenants. Don’t miss this rare chance to invest in Santa Clara County’s hidden gem! Reach out to The R&Z Group of Compass Commercial today to schedule a viewing and secure 611 E 7th St, Gilroy CA as your next great investment.

FOR SALE DETAILS

PRICE

$9,120,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

32

PRICE/UNIT

$285,000

CAP RATE

6.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Los Animas Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

R3, Gilroy

APN/PARCEL ID

841-09-061

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.